In brief: Three Deacons partners bankrupted

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Latest Briefings

New Act on the Control of Investments Detrimental to the Interests of Hungarian National Security

The Hungarian Government recently adopted Act no. LVII of 2018 on the Control of Investments Detrimental to the Interests of Hungarian National Security (the “Act”). Previously we wrote about a similar legislative proposal which aimed at establishing a similar control mechanism. However, the Act has a more sophisticated approach on the control and approval procedure […]

Health and safety at work in Romania: What companies need to know

Failure to take or observe the mandatory measures for health and safety at work may entail, among other types of liability (e.g. civil, administrative), potential criminal liability for employers. The Romanian Criminal Code (the “RCC”) provides for two offences which sanction such failure: i) failure to take the mandatory measures for health and safety at […]

Switzerland: Insolvency law, policy and procedure

By Daniel Hayek and Laura Oegerli Statutory framework and substantive law Swiss restructuring and insolvency proceedings are mainly governed by the Swiss Debt Enforcement and Bankruptcy Law (DEBA), which entered into force in 1892. A number of other laws and ordinances further regulate special aspects of restructuring and insolvency proceedings, such as specific provisions according to […]

Czech Republic: Office for the Protection of Competition gets tougher

In April 2018 the Office for the Protection of Competition adopted new guidelines on the method of setting fines for competition law infringements,(1) noting that the need for a revision of the previous guidelines had emerged in the wake of developing case law, as well as amendments to the Act on the Protection of Competition. The […]

FOS expansion to SMEs – near-final rules published

By Paul Gair The Financial Conduct Authority yesterday released its policy statement on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper detailing proposals for increasing […]

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Drought/Libel. Showing up the cracks

This summer’s prolonged drought has put the Water Resources Act 1991 under the spotlight. Lewis Denton wonders how well it stands up to close scrutiny The unprecedented drought conditions this summer have caused a number of problems for householders, gardeners and local authorities. They have also caused confusion in the legal profession. While the prompt […]

Democracy must prevail

In calling for a five-year executive presidency for the Law Society, Richard Bagley (The Lawyer 10 October), misses the essential point that the post is (and indeed Mr Mears was) democratically elected. The Secretary General carries out policy, the president is crucial to its formulation. The two roles are quite distinct. If the Law Society […]

Firms cool over US bid for City work

TOP City firms have stayed cool over the US firm Weil, Gotshal & Manges’ bid for a slice of London’s legal work, despite some of their best lawyers being targeted by the firm’s recruitment drive. Weil Gotshal, which enjoys per-partner profits of up to $750,000 in the US, is also expected to offer competitive salaries […]

Where entry is severely limited

Obtaining a Higher Courts Qualification Certificate has been made akin to scaling the north face of the Eiger. That is quite deliberate despite the fact that the undoubted wish of Parliament was to ensure that solicitors appeared in criminal and civil higher courts. The Higher Courts Qualification Regulations of 1992 are a masterpiece of ambiguity […]

New scheme aims for Europe-wide legal computer standard

A fully integrated computer and telecommunications system for lawyers has been promised at the launch of the Pan European Legal Telematics Programme. The programme, which aims to build common standards for integrating computer and telecommunications services in the legal profession, will focus on the development of a Legal Telematics workstation to meet the growing demand […]

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